Dublin, February 18, 2025 (Globe Newswire) – The Healthcare -Global Strategic Business Report report has been added to the offering of Researchandmarkets.com.
The global market for RFID in healthcare was valued at US$6.9 billion in 2024 and is projected to reach US$15.7 billion by 2030, an increase of 14.6% between 2024 and 2030. , drivers, and forecasts can help you make informed business decisions.
Radio Frequency Identification (RFID) technology has revolutionized the healthcare industry by providing robust solutions for tracking and managing medical devices, medicines and patient information. RFID systems use electromagnetic fields to automatically identify and track tags connected to objects, providing high levels of accuracy and efficiency.
In healthcare settings, RFID tags are used to monitor the location and status of critical medical assets, make equipment easy to use when needed, and reduce instances of loss or theft. Additionally, RFID technology helps to enhance drug inventory management, prevent shortages and ensure timely management of drugs by enabling real-time tracking of drug inventory.
The integration of RFID technology into the healthcare process has significantly improved patient care and operational efficiency.
RFID is currently used by a variety of healthcare service providers, and is driven by the ability to provide secure and superior solutions for managing critical and sensitive data for end users. For example, RFID wristbands are used to identify patients to ensure that patients are receiving the correct treatment and medication. These wristbands can be scanned to quickly access a patient's medical history, reduce errors, and increase the speed of care.
Additionally, RFID systems are employed to streamline surgical procedures by tracking surgical instruments, preventing the occurrence of retained surgical items. The technology supports infection control measurements by monitoring the sterilization status of medical tools and ensuring compliance with hygiene protocols. This ability to automate and validate various aspects of healthcare operations increases the overall quality and safety of patient care.
The growth of RFID in the healthcare market has been driven by several factors, including advances in RFID technology, the increasing need for efficient health care management systems, and increased regulatory requirements for patient safety. Technological innovations have made RFID systems more affordable and easier to implement, increasing adoption across a variety of healthcare facilities. The focus is on reducing medical errors and improving patient outcomes, which has led to greater investment in RFID solutions.
Additionally, regulators require stricter tracking and management of medical devices and drugs, further driving the demand for RFID technology. The rapid rise in patient numbers and the need for efficient workflow management in hospitals and clinics are also important drivers. Additionally, RFID is employed for its role in robust tracking systems to manage medical supplies and ensure patient safety.
Reporting features:
Comprehensive Market Data: An independent analysis of annual sales and market forecasts from 2024 to 2030. Detailed Regional Analysis: Detailed Insights into Key Markets Including US, China, Japan, Canada, Europe, Asia Pacific, Latin American, Middle East, and Africa.comPany Profile: 3M Company, Cardinal Health, Inc., Accenture Plc, Bartronics India Ltd., Cadi Scientific Pte. , Ltd. , and major players coverage such as More.complimentary Updates: Free Reports will be updated for a year to continue to inform you about the latest market developments.
Important insights:
Market Growth: Understand the significant growth trajectory of the RFID tag segment. This is expected to reach US$8.5 billion by 2030 with a CAGR of 16.1%. The RFID reader segment is set to grow at a CAGR of 12.5% during the analysis period. Regional Analysis: With insight into the US market valued at $1.9 billion in 2024, China is projected to grow at an impressive 17.9% CAGR to reach $3.8. 1 billion by 2030. Discover growth trends in other major regions, including Japan, Canada, Germany and the Asia-Pacific region.
segment:
Type (Tags, Readers, Software, Other Types) Applications (Drug Tracking, Patient Tracking, Asset Tracking, Other Applications)
Important attributes:
Report attribute attribute. Pages6411Forecast Period2024-2030 covers an annual growth rate of 14.6% for 2024 Market Value (USD) of $6.9 billion by 2030
Important topics covered:
Market Overview
Influencer Market Insights Global Economy Upturfed in Healthcare – Percentage Market Share of Global Key Competitors in 2024 – The existence of a competitive market – Strong/active for players around the world in 2024 /Niches/Little things RFID Healthcare facilities RFID's healthcare major application continues to adopt the biggest revenue contribution capabilities and benefits of RFID technology, so RFID tags emerge .
Market trends and drivers
The increased adoption of RFID readers and tags will help combat the threat of the pharmaceutical industry. RFID technology drives the growth of RFID MarketNovel RFID applications that improve hospital workflows and patient safety and introduce patient safety for innovative devices. RFID Infrastructure Build Out Score on Score on Healthcare Barcoding Score Score Sector Fid Blood Monitoring Beneficial RFID Technology and Barcoding are barcodes for future healthcare sector inventory management. Improved supply chain and patient safety, better frequency of pharmaceutical business needs: The key macro growth driver key challenge facing RFID technology market costs is to the Roilak of established standardized RFID standards It continues to be a certainty of important hurdles
Focus on selected players: Some of the 161 leading companies featured in this report
3M Compandinal Health, Inc. AccenturePlcbartronics India Ltd. Cadi Scientific Pte. , Ltd.Assendent ID, Inc.Argent International, Inc.Bartec Auto ID Ltd.Applied Wireless Identification Group (AWID), Inc.Biolog-IdBlack Creek Systems Systems CorporationBlueBird Inc.Acc Systems, Inc.Beijing Chinareader Technology Co. , Ltdcdvi Group
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RFID in the healthcare market
